Growth in Sub-Saharan Africa Slower than Expected
Sub-Saharan African economies are still recovering from the slowdown in 2015-16, but growth is slower than expected, according to the October 2018 issue of Africa’s […]
World Bank
Kenya’s external position is strong – IMF
The International Monetary Fund said Kenya’s external position is strong and it will continue to support its reform efforts through policy advice. Kenya secured a […]
Ethiopia inks $1 bln World Bank deal to support reforms
The new reformist Prime Minister of Ethiopia Ahmed Abiy has secured a $1 billion deal from the World Bank to continue the ongoing reforms in […]
Côte d’Ivoire to build its first biomass power station from cocoa waste
Côte d’Ivoire, the world’s top cocoa producer plans to build a 60 to 70 megawatts (MW) capacity biomass power generation plant running on waste from […]
World Bank approves $455 million loan for Tanzania power projects
The World Bank has approved a $455 million loan to Tanzania under its International Development Assistance (IDA) program to boost access to power for the […]
African Development Bank debars CHINT Electric for 36 months for fraudulent practices
The African Development Bank Group (AfDB) announced on Monday the conclusion of a settlement agreement with CHINT Electric Co., Ltd., a power transmission and distribution […]
Kagame appoints female CEO for national carrier RwandAir
Rwanda’s President Paul Kagame has appointed Yvonne Manzi Makolo as Chief Executive Officer (CEO) of Rwanda’s national carrier, RwandAir. Makolo’s appointment was part of a […]
São Tomé and Príncipe gets $10 million boost from the World Bank
The World Bank will provide about $10 million to finance social projects in São Tomé and Príncipe. The projects will help the West African archipelago […]
Preventing violent conflict could save up to $70 billion a year – World Bank
Preventing violent conflict in Africa could save lives and save an average of $70 billion a year, according to a study released Monday by the […]
Week-long national prayers kick-off in Burundi
Thousands of Burundians have gathered at the stadium of the province of Kayanza for a week-long prayer organized by President Pierre Nkurunziza and his family. […]